Nextdecade announces $356 million of senior loans for rio grande lng phase 1

Houston--(business wire)--nextdecade corporation (nextdecade) (nasdaq: next) announced today that its subsidiary, rio grande lng, llc (rglng), has entered into a credit agreement with a group of lenders for $356 million of senior loans to finance a portion of the first three lng trains (phase 1) at nextdecade's 27 million tonnes per annum (mtpa) rio grande lng export facility in brownsville, texas. the senior loans were disbursed in one advance for the full amount of $356 million on september 1.
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